Cypress Development (CVE:CYP) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Cypress Development Corp. (CVE:CYP)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.09 and traded as low as C$1.06. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares changing hands.

Cypress Development Trading Up 1.4%

The company has a debt-to-equity ratio of 2.83, a quick ratio of 42.15 and a current ratio of 41.79. The firm has a market capitalization of C$35.88 million and a PE ratio of -10.75. The stock’s 50-day simple moving average is C$1.09 and its 200-day simple moving average is C$1.09.

About Cypress Development

Cypress Development Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for lithium, zinc, and silver deposits. The company's flagship project is the Clayton Valley project that covers an area of approximately 5,430 acres located in southwest Nevada. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.